The price of bitcoin crashed on Thursday. The cryptocurrency saw its value fall more than 20% at one point on the day, before staging something of a comeback and ending trade around 13% lower. Earlier this week, on its first trading day of the new year, bitcoin crossed above the $1,000 mark for the first time since 2013, but it has now tumbled below that level.

Sales surged for global automakers in China in 2016. That rise came as consumers rushed to buy cars to make the most of a tax incentive, with Honda seeing a particularly brisk pace of business ahead of Ford and Toyota. Toyota has traditionally led Honda in China — the world's largest auto market — but last year Honda sped past with a year-on-year sales growth of 24% to 1.25 million vehicles, helped by a steady stream of fresh models particularly in the hot sport-utility vehicle segment.